Sonder initiates Chapter 7 liquidation

Apartment-style rental company couldn’t find a financial solution and partially blames poor Marriott integration for its business failure. SAN FRANCISCO – One day after Marriott International terminated its licensing agreement with Sonder, the apartment-style rental hospitality company announced it will wind down its operation and initiate a Chapter 7 liquidation of its U.S. business. Sonder…

Sinotruk Announces Voluntary Liquidation of Finance Subsidiary

Meet Your ETF AI Analyst Sinotruk Hong Kong ( (HK:3808) ) has shared an update. Sinotruk (Hong Kong) Limited announced the voluntary liquidation of its subsidiary, Sinotruk Finance Co, following approval from the National Financial Regulatory Administration. The liquidation process, effective from November 10, 2025, will not adversely affect the financial position and business operations…

No Cookies | The Cairns Post

To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

Scope, Rights, and Judicial Clarity

The enactment of the Insolvency and Bankruptcy Code, 2016 (IBC) marked a paradigm shift in the way corporate insolvency is addressed in India. Central to the code is the distinction between financial creditors and operational creditors, as only certain creditors can initiate proceedings under Section 7 of the IBC for the initiation of the Corporate…

Aussie activewear label collapses owing $13m

Exoticathletica will cease trading after going into voluntary administration owing a reported $13m in debts. Image: Facebook Australian active wear label Exoticathletica will cease trading after it fell into voluntary administration with $13m in debts. The company posted on social media they will close its doors on Sunday after 10 years of “wild, messy, fabulous…